USD looks to rally higher.

6 thg 6, 2015

We have seen some major strength in the USD against the Yen in the past year and i can't really see any signs to see that it will slow down. If we can sustain a close above the current resistance area that we are in then i will definitely be entering long positions. We can see we have just come out of a consolidation range with a large bullish engulfing candle and we already have strong momentum behind the move this month. My price targets are fairly obvious. I have my stop placed just under the highlighted support area.